Requirements for CME membership
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Requirements for CME membership
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Requirements for CME membership

  #21 (permalink)
Posts: 424 since Jun 2016
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Just wondering since i have seen so many interest in becoming a CME member recently, what size of volume does one need to do to really benefit from such a membership?

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  #22 (permalink)
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RDK91 View Post
Just wondering since i have seen so many interest in becoming a CME member recently, what size of volume does one need to do to really benefit from such a membership?

This is mostly a function of 2 things:

1. You can do the breakeven analysis yourself by looking at the fee schedule, say for E-mini equity indices you are going from $1.18 to $0.35, so $0.83 of savings per contract. You can divide the monthly lease by that amount to get a sense of monthly breakeven volume.

2. You also need to take into account the variance of your volume (and if you're buying, the variance of market prices for the seats).

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  #23 (permalink)
Legendary Market Wizard
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RDK91 View Post
Just wondering since i have seen so many interest in becoming a CME member recently, what size of volume does one need to do to really benefit from such a membership?

One thing to consider, being a member (via seat lease or purchase) will make you a professional in CME's eye's so while your clearing rates go down, your data fees go up! Another advantage though is that you become eligible for data netting, meaning you pay the data fee once and not once per account/device etc.

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  #24 (permalink)
Los Angeles, CA /USA
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andy4 View Post
Hi, I'm in the process of becoming a member of the CME, reason for CBOT an IDEM seat to lower my comm's for the YM. There's a $2000 non refundable application fee.

Has anybody gone through that process and if don't might sharing, what did they look for to allow or disallow your membership ? I have no disciplinary issues etc, though am concerned on financial assets they may require - is there a net worth minimum line to cross ?

Thanks for any insight.

Hi! Your broker should really help you through the process and paperwork. We have assisted more than a few client through the process in order to lower their exchange fees and overall costs.

Are you doing this as an individual or a corporation? Feel free to PM me with questions.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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